Hidili Industry Updates on Debt Restructuring and Production Growth
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Hidili Industry International Development Limited (HK:1393) announced updates on its debt restructuring plans following an auditor's Disclaimer of Opinion regarding its going concern status. The company is negotiating with financial institutions to restructure debts, including principal waivers and extended repayment terms. Additionally, Hidili reported an 11% increase in raw coal production for Q3 2025 and aims for a 20% increase in Q4 through improved mining processes. The company is also implementing cost controls and exploring asset disposals to enhance cash flow. Current market cap is HK$267.1M.
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